PHOTO OPP: Mobile math app Photomath has raised a $6 million funding round from Goodwater Capital, reports TechCrunch. Learn Capital also participated.
Founded in 2014 by London- and Croatia-based Microblink, an R&D tech firm, Photomath raised eyebrows—and made headlines—for its ability to solve math equations just by analyzing mobile photos of the problem. In 2016, an update allowed it to solve handwritten problems, not just those in printed text.
Photomath has remained one of the most popular education apps since its release. It’s currently No. 2 on App Annie’s top 50 free education apps by downloads. This August, during the back-to-school rush, it had claimed a spot on App Annie’s overall top 50 free iOS apps. TechCrunch notes the app has been downloaded more than 100 million times across platforms since 2014 and solves about 1.2 billion problems per month.
According to Crunchbase, this marks the company’s first Series A round, after raising seed funding in 2016.
